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<\/a><\/p>\nNote the 6 point pattern has 2 symmetrical “failures”<\/p>\n
Where the reversals don’t quite make it to either line. noted by black circles<\/p>\n
The fact there are 2 ( one upper and one lower) reinforces this pattern’s validity.<\/p>\n
This is a nuance often seen in Rambus Charts.<\/p>\n
The Chart can also be interpreted as a potential H and S Botton and a Cup and handle<\/p>\n
All bullish …Yikes<\/p>\n
So…I see the bull move still dominant.<\/p>\n
Hope you are right and the pattern breaks down.<\/p>\n
Fundamentally<\/p>\n
When the Yen is strengthening vs the dollar its risk off ( DOWN on THIS CHART)..and Gold benefits but when it is dropping vs the dollar ( UP on THIS CHART) its risk on…and the stock markets tend to benefit.<\/p>\n
Big players Borrow ( Sell) Yen and buy Risk assets. The Yen carry trade.<\/p>\n
Maybe we are in a risk on phase …maybe there’s a trade deal looming and that is being priced in.<\/p>\n
If you are a Goldophile it is concerning that stock markets are breaking OUT .<\/p>\n
Rambus just posted a ton of charts clearly showing this.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sir Patrick Your chart can be interpreted a different way with with Classic Chartology. I see a potential Half way Pennant working on its 6th reversal. I see it potentially breaking out and starting a new impulse leg Note the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-451466","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/451466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=451466"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/451466\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=451466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=451466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=451466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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